Argus Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $280.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by Argus from $310.00 to $280.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Argus’ price objective would suggest a potential upside of 10.81% from the stock’s current price.

DPZ has been the subject of a number of other reports. Citigroup set a $86.00 price objective on Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. Mizuho reissued a “buy” rating and set a $12.00 price objective on shares of Viewray in a report on Wednesday. OTR Global lowered Domino’s Pizza to a “positive” rating and set a $280.00 price objective for the company. in a report on Wednesday, July 10th. Stephens reissued an “overweight” rating and set a $120.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Finally, Cowen reaffirmed a “buy” rating on shares of Alector in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Buy” and a consensus target price of $292.29.

Shares of DPZ opened at $252.68 on Wednesday. The business’s 50 day moving average is $278.25. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.79 and a beta of 0.48. Domino’s Pizza has a 52 week low of $231.28 and a 52 week high of $305.34.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.19. The firm had revenue of $811.65 million during the quarter, compared to analyst estimates of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS. As a group, research analysts forecast that Domino’s Pizza will post 9.37 earnings per share for the current year.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.62% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of Domino’s Pizza by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock worth $1,067,000 after acquiring an additional 110 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Domino’s Pizza by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,627 shares of the restaurant operator’s stock worth $2,635,000 after acquiring an additional 615 shares in the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth $235,000. GAM Holding AG raised its position in shares of Domino’s Pizza by 25.1% in the first quarter. GAM Holding AG now owns 4,757 shares of the restaurant operator’s stock worth $1,228,000 after buying an additional 955 shares in the last quarter. Finally, FMR LLC raised its position in shares of Domino’s Pizza by 51.2% in the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock worth $512,206,000 after buying an additional 699,502 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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